Climate change will cost big business dearly, report warns

Climate change will cost the U.S. economy dearly in the form of property damage, lost output and even deaths, a nonpartisan group backed by a trio of some of the heaviest hitters in the world of business said Tuesday.

“Every year that goes by without a comprehensive public and private sector response to climate change is a year that locks in future climate events that will have a far more devastating effect on our local, regional, and national economies,” warn the report’s authors.

“We have a choice whether we accept the climate risks laid out above or whether we get on another path. This is not a problem for another day. The investments we make today — this week, this month, this year — will determine our economic future.”